Backed by billionaire Patrice Motsepe, GoSolr unveils $538.5-million South Africa expansion
Founded in 2021, GoSolr has been at the forefront of making solar energy accessible, affordable, and flexible for all.
Patrice Motsepe
Africa’s first Black billionaire Patrice Motsepe’s fortune rebounds by $200 million
The surge in Motsepe’s fortune is linked to the performance of his 45.9-percent stake in African Rainbow Minerals (ARM).
Backed by Africa’s first Black billionaire Patrice Motsepe, Sanlam to acquire stake in Indian insurer
Sanlam’s interest in SGIC is set to rise from 40 percent to 51 percent, and in SLIC from 42 percent to 54 percent.
Africa’s first Black billionaire Patrice Motsepe loses $100 million in six weeks
The decline is a significant blow to Motsepe’s wealth, as his holding in ARM represents a substantial portion of his net worth.
Africa’s first Black billionaire Patrice Motsepe’s ARM acquires $2.8-million stake in Toronto-listed firm
Motsepe, boasting a net worth of $2.5 billion, derives a significant portion of his wealth from his substantial stake in ARM, cementing his position as one of Africa’s leading industrialists.
Africa’s first Black billionaire Patrice Motsepe may join $2.9-billion bid for DStv owner
If successful, this collaboration could propel Motsepe into the ownership ranks of MultiChoice Group, further diversifying his holdings in South Africa’s leading companies.
Africa’s first Black billionaire Patrice Motsepe to receive $28.8 million from ARM
The $28.8-million interim dividend will be deposited into Patrice Motsepe’s bank account on Mon., April 8, 2024.
South African billionaire Patrice Motsepe-backed Sanlam posts $73-million profit in 2023
Sanlam CEO Paul Hanratty, a notable figure in South Africa’s business landscape, lauded the company’s robust delivery in the face of extraordinary challenges during the past fiscal year.
Billionaire Patrice Motsepe donates $1.55 million to alleviate student debt in South Africa
Motsepe, who achieved the status of Africa’s first Black billionaire in 2008 through success in the mining industry, has consistently been a dedicated philanthropist.
Patrice Motsepe’s stake in ARM declines by $137 million
Motsepe, Africa’s first Black billionaire and a prominent South African tycoon, holds a 45.9-percent stake in ARM, or 89,905,401 shares.
Africa’s first Black billionaire Patrice Motsepe suffers $100-million loss
Despite the recent setback, Motsepe retains his position as the wealthiest Black individual in Southern Africa.
South African billionaire Patrice Motsepe-backed Sanlam offers $344 million for Assupol
Motsepe, South Africa’s richest Black man with a net worth of $2.7 billion, holds a 7.8-percent stake in insurance giant, Sanlam.
Africa’s first Black billionaire Patrice Motsepe donates $500,000 in Cote d’Ivoire
Motsepe expressed his gratitude, stating, “We are grateful to the Catholic Church and the Muslim Faith for the crucial religious and spiritual work that they are doing…”
Africa’s first Black billionaire Patrice Motsepe’s bank targets $1-billion valuation
The bank is eyeing substantial funding of up to $100 million in a Series-D round.
TymeBank, backed by billionaire Patrice Motsepe, achieves first-ever profit milestone
Motsepe, the influential owner with a substantial stake in TymeBank, emphasized the bank’s appeal to a more affluent consumer market.
South African billionaire Patrice Motsepe-linked insurer eyes India for growth
India’s economy is growing nearly five times faster than South Africa’s.